| | 1: | | Title: | | | | | Volume/Number: | 2004 May 1 | | | | Issuing Agency: | | | | | Description: | The Illinois Uniform Disposition of Unclaimed Property Act 765 ILCS 1025/1-30 (Act) requires the reporting of all intangible personalproperty (and any earnings thereon) held by banking and financial organizations, and insurance companies other than life insurancecorporations which have remained unclaimed by the owner for five (5) years be presumed abandoned. Therefor, all property heldby these types of businesses with dates of last activity of June 30, 1998 and prior are considered abandoned and must be reported.The due date for filing the Annual Report of Unclaimed Property is November 1, 2003. Additionally, intangible personal propertybeing held by governmental entities which has remained unclaimed by the owner for a period of seven (7) years is also presumedabandoned and must be reported. Governmental entities must report and remit abandoned property with dates of last activity forJune 30, 1996 and prior, by November 1, 2003. | | | | Date Created: | 01 15 2004 | | | | Agency ID: | | | | | ISL ID: | 000000002553 Original UID: 2462 FIRST WORD: Instructions | |
|
